News from the Wire

MasterCard Nearby app launches

Friday, October 24, 2014 — 10:48:14 (EDT)

Purchase, N.Y., Oct. 24, 2014 -- Consumers around the United States are loading credit and debit cards from Bank of America, Capital One, Citi and Wells Fargo onto their iPhone 6 and iPhone 6 Plus for use with Apple Pay. One of the first questions being asked is, “Where can I use it?” MasterCard has the answer – MasterCard Nearby™.

Available on the App Store, the MasterCard Nearby App enables on-the-go consumers to easily find the more than 220,000 merchants in the United States – including Subway, Toys R’ Us, Walgreens, Whole Foods Market and all Apple Store retail locations – that accept contactless payments.

Contactless technology allows consumers to make everyday purchases quickly and safely by holding their contactless-enabled card or device – like their iPhone 6 and iPhone 6 Plus – near a contactless reader. With their iPhone 6 or iPhone 6 Plus, users place their finger on Touch ID or enter a passcode and their transaction will be authenticated in seconds.

In addition to information on where you can use your contactless card or device, MasterCard Nearby also provides details on where MasterCard cardholders can reload prepaid cards, get cash back with their purchases, or use an ATM.

The MasterCard Nearby App is available for free from the App Store on iPhone or at www.AppStore.com/MasterCardNearby .

About MasterCard

MasterCard (NYSE:MA), www.mastercard.com , is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.